Tejon Ranch secures unsecured revolving credit facility

Tejon Ranch closed on a new $160 million unsecured revolving credit facility with AgWest Farm Credit. Initially, the Company will use the new financing source to pay off a term loan, as well as replace its existing $45 million secured revolving line of credit, with Bank of America. The new credit facility will be available to fund future construction projects, farming and ranching operations, and general corporate purposes.